Dodla Dairy Limited (DODLA) Stock - Complete Technical Analysis - Nov 22, 2024

Dodla Dairy (DODLA) Stock Technical Analysis Key Levels & Trend Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. The current trading price of Dodla Dairy Limited (DODLA) stands at 1,220.40, positioning it nearly 9.34% below its 52-week high of 1,346.10. This recent drop is within the context of a strong recovery from its 52-week low of 774.3, showing a substantial gain of 57.61%. Recent price action indicates considerable volatility, with noticeable price swings in recent days.

Technically, the Average Directional Index (ADX) is at 26.12, suggesting a moderate trend strength. The Relative Strength Index (RSI) of 54.18 indicates that the stock is in a neutral zone, not overbought or oversold. However, the MACD remains negative, with a value of -11.3, signaling that there is potential bearish momentum, though the magnitude suggests that any bearish move might be temporary. The Stochastic RSI is also showing some positive signs at 70.67, but traders should be cautious of overextending positions.

Support for DODLA is currently at 1,178.65, with a resistance level forming around 1,227. The stock is currently trading between these levels, and any breakout or breakdown from this range could trigger further moves. The Exponential and Simple Moving Averages (EMAs and SMAs) are in a consolidation phase, with the 10-day EMA slightly above the 20-day EMA, which could suggest a short-term bullish sentiment if the price pushes above resistance.

Volatility is moderate, with the Average True Range (ATR) hovering around 45, indicating continued market interest and active price fluctuations. While the price is not showing extreme bullishness or bearishness, it is important to keep an eye on the stocks momentum indicators such as the MACD, RSI, and ATR for signs of a more decisive move. Traders should be prepared for possible consolidations, but a breakout above 1,227 or a breakdown below 1,178 could indicate the next significant move in the stock.